SESAC and the Radio Music License Committee (RMLC) have struck a new licensing deal.
The new agreement sets the rates payable by the majority of America’s commercial terrestrial radio stations to publicly perform works in the SESAC repertory, effective January 1 2019 through December 31, 2022.
The RMLC represents more than 10,000 commercial radio stations in the US and SESAC represents more than 1 million songs and some 30,000 songwriters, composers and music publisher affiliates.
The agreement rolls-forward the rates and terms from the prior license, which themselves were the product of an arbitration the parties conducted.
This includes a blanket license fee of 0.2557% of net revenue; and an All-Talk rate of 0.0575% of revenue
As before, this agreement applies to stations’ over-the-air broadcasts, simulcast streams and HD signals.
“We appreciate the RMLC’s cooperation to once again reach an agreement that will enhance the livelihoods of the creative community.”
Kelli Turner, SESAC
SESAC President and COO Kelli Turner (pictured), said: “As a performing rights organization, we remain focused on bringing value to our songwriters and publishers – which has become increasingly important during these uncertain times.
“We appreciate the RMLC’s cooperation to once again reach an agreement that will enhance the livelihoods of the creative community.”
“We are pleased to carry forward the terms of the prior agreement with SESAC, which is an efficient path forward for both sides in a music licensing landscape that has become increasingly complex.”
Ed Atsinger, RMLC
RMLC Chairman Ed Atsinger, added: “We are pleased to carry forward the terms of the prior agreement with SESAC, which is an efficient path forward for both sides in a music licensing landscape that has become increasingly complex.”
Music Business Worldwide
